A bull market, or bull run (the two terms are used interchangeably), often emerges during periods of investor pessimism, making the current crypto bear market ripe for a

transition into bull market territory once again. During an actual bull market, confidence in the market is high, with most investors buying, demand outpacing supply, and rising prices.

A textbook case of a crypto bull run occurred in 2021 (with the May 2021 crash duly noted). Crypto prices surged for the better part of the year, with many peaking at all-time highs (ATH) in November 2021. At the time, crypto seemed to be everywhere, with celebrities such as Matt Damon, Reese Witherspoon, Lebron James, Gwyneth Paltrow, and Larry David, among others, hyping crypto since it was so hot.  

It’s important to note that bull runs can be both sudden and gradual. There can be a sustained upward slope in prices over a long period of time or a sudden spike in prices (greater than or equal to 20% is considered the general rule of thumb).